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Turbocompressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 149 pages | ID: T5F5BB78DAC1EN
IMARC Group

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The global turbocompressors market size reached US$ 18.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.15% during 2022-2028.

Turbocompressors are widely used in process plants to concentrate a compressible gas via dynamic principles. They also find application in the gas supply chain, energy recovery, and power generation during natural gas processing and petrochemical production. At present, they are widely available in various types, depending on the requirement of end users. For instance, water turbocompressors help produce refrigerants for the liquefaction of gases, such as oxygen, nitrogen, and helium, in different industrial processes. In addition, product variants operated by radial turbines provide a large capacity to absorb or deliver power, which helps boost the power of diesel engines.

Turbocompressors Market Trends:
Surging energy needs, along with a rapid rise in the installation of turboexpanders in offshore oil production sites, represents one of the major factors fueling the demand for turbocompressors in oil and gas facilities across the globe. Moreover, industries worldwide are emphasizing upgrading their existing turbocompressors with the latest high-efficiency impellers, blades, and sealing technologies. This is propelling leading players in improving the overall performance and reducing operational expenditures (OPEX) of machines. Apart from this, due to high requirements on efficiency and optimized specific power consumption, these players are focusing on improving the aerodynamic features of rotating equipment. They are also introducing lightweight, compact, and high-performance product variants with low energy costs and user-friendly microprocessors to stay competitive in the market. These variants have high power density and reliability, which help reduce the noise level and save fuel, resources, and energy. This, coupled with the boosting sales of vehicles on account of inflating income levels, is anticipated to increase the utilization of turbocompressors in the automotive industry for a reliable and cost-effective supply of oil-free compressed air.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global turbocompressors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, stage and end user.

Breakup by Type:

Centrifugal Compressors
Axial Compressors

Breakup by Stage:

Single Stage
Multi-stage

Breakup by End User:

Oil and Gas
Power Generation
Chemical
Water and Wastewater
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Copco AB, BorgWarner Inc., Continental AG, Cummins Inc., Eaton Corporation plc, Howden Group Holdings Ltd, Ingersoll Rand Inc., Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE (Volkswagen AG), Mitsubishi Heavy Industries Ltd, Siemens AG and Sulzer Ltd.

Key Questions Answered in This Report
1. How big is the global turbocompressors market?
2. What is the expected growth rate of the global turbocompressors market during 2023-2028?
3. What are the key factors driving the global turbocompressors market?
4. What has been the impact of COVID-19 on the global turbocompressors market?
5. What is the breakup of the global turbocompressors market based on the type?
6. What is the breakup of the global turbocompressors market based on the stage?
7. What is the breakup of the global turbocompressors market based on the end user?
8. What are the key regions in the global turbocompres market?
9. Who are the key players/companies in the global turbocompressors market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL TURBOCOMPRESSORS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Centrifugal Compressors
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Axial Compressors
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY STAGE

7.1 Single Stage
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Multi-stage
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1 Oil and Gas
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Power Generation
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Chemical
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Water and Wastewater
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Atlas Copco AB
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 BorgWarner Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Continental AG
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Cummins Inc.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 Eaton Corporation plc
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Howden Group Holdings Ltd
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Ingersoll Rand Inc.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 Kawasaki Heavy Industries Ltd.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 MAN Energy Solutions SE (Volkswagen AG)
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 SWOT Analysis
  14.3.10 Mitsubishi Heavy Industries Ltd
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Siemens AG
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12 Sulzer Ltd.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Turbocompressors Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Turbocompressors Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Turbocompressors Market Forecast: Breakup by Stage (in Million US$), 2023-2028
Table 4: Global: Turbocompressors Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Turbocompressors Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Turbocompressors Market: Competitive Structure
Table 7: Global: Turbocompressors Market: Key Players

LIST OF FIGURES

Figure 1: Global: Turbocompressors Market: Major Drivers and Challenges
Figure 2: Global: Turbocompressors Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Turbocompressors Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Turbocompressors Market: Breakup by Type (in %), 2022
Figure 5: Global: Turbocompressors Market: Breakup by Stage (in %), 2022
Figure 6: Global: Turbocompressors Market: Breakup by End User (in %), 2022
Figure 7: Global: Turbocompressors Market: Breakup by Region (in %), 2022
Figure 8: Global: Turbocompressors (Centrifugal Compressors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Turbocompressors (Centrifugal Compressors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Turbocompressors (Axial Compressors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Turbocompressors (Axial Compressors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Turbocompressors (Single Stage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Turbocompressors (Single Stage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Turbocompressors (Multi-stage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Turbocompressors (Multi-stage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Turbocompressors (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Turbocompressors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Turbocompressors (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Turbocompressors (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Turbocompressors (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Turbocompressors (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Turbocompressors (Water and Wastewater) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Turbocompressors (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Turbocompressors (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Turbocompressors (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Turbocompressors Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Turbocompressors Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Turbocompressors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Turbocompressors Industry: SWOT Analysis
Figure 76: Global: Turbocompressors Industry: Value Chain Analysis
Figure 77: Global: Turbocompressors Industry: Porter's Five Forces Analysis


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